The Cash for Clunkers program, most commonly known as CARS which was supposed to last till the end of October but unfortunately ended on August 24th itself. $1 billion was gone within a fortnight and this success prompted the lawmakers to increase the program by another $2 billion. This way the Cash for Clunkers program increased the sale of environmentally friendly cars and removed the Junkers out of the road. This has also provided a relief to the suffering car dealerships and automobile industry in the U.S.
But there is always the other side of the coin and this program is no exception. The Cash for Clunkers program too has its shortcomings. This improper execution of the program by the government often resulted in overloading and even crashing of the government computers. The information that was conveyed among the consumers and the car dealers were insufficient leading to their frustration. In addition to this, the removal of Junkers from the market led to a loss of business to some mechanics adding to their sufferings. The mechanic shop such as a transmission-rebuilding shop has been shut for almost past two weeks because people preferred to buy or lease a new car over rebuilding their old cars.
It is unfortunate for many to hear that the cash for clunkers program has seen its end only after four days of its beginning. The program was supposed to go on till November 1st or till the drying up of funds, which has eventually now lead to the termination of the program. Although it is sad that it has come to an end so quickly, its clearly seen that the program was successful and many have been benefited.
